MMP stock: buy or sell?

MMP stock price: $56.99 -1.40% At close on February 26th, 2020

Updated on:
February 26th, 2020

1

Shares of Magellan Midstream Partners closed today at $56.99 and declined a rough -1.40%. With Wednesday it's been 4 red days in a row.

Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States.

Should I buy MMP stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Magellan Midstream Partners stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean MMP will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Magellan Midstream Partners stock a buy?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't find any rating for MMP stock for the last month.

MMP stock analysis

Daily outlook

Shares of Magellan Midstream Partners ended today at $56.99 and declined a rough -1.40%.

Magellan Midstream Partners closed today at $56.99 and declined a rough -1.40%. In the last 27 days when MMP stock price broke down the SMA200d line, it slid $-5.96 per share (-9.47%).

MMP stock chart (daily)

Weekly outlook

Shares of Magellan Midstream Partners closed this week at $56.99 and plummed a dreadful -5.72%.

Since late January, when MMP stock price broke down the 40-weeks moving avarage line, it slid $-5.86 per share (-9.32%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.

MMP stock chart (weekly)

MMP stock price history

MMP IPO was on March 19th, 2001 at $0.70 per share1. Since then, MMP stock surged a 8,041.40%, with a yearly average of 446.70%. If you had invested $1,000 in MMP stock in 2001, it would worth $80,414.00 today.

1: Adjusted price after possible price splits or reverse-splits.

MMP stock historical price chart

MMP stock reached 52-week highs on August at $65.51, and all-time highs 2017-02-15 with a price of 68.56.

MMP stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we have not detected any price target for Magellan Midstream Partners stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on May, Magellan Midstream Partners . As soon as we get its actual EPS from the earnings report, we will extend this review.
MMP earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.98n/a
2017-Q2-n/a0.92n/a
2017-Q32017-11-020.970.79-18.6%
2017-Q42018-02-011.131.04-8.0%
2018-Q12018-05-031.011.054.0%
2018-Q22018-08-0211.055.0%
2018-Q32018-11-011.021.17.8%
2018-Q42019-01-311.161.03-11.2%
2019-Q12019-05-011n/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a super good increase of 12.72% to $2,826.57 million dollars. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) skyrocketed a 12.52% to 47.19%.

To have an up to date view of the financial situation of Magellan Midstream Partners, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Magellan Midstream Partners TTM sales up to were $2,147.79 and earnings were $1,123.02 million USD. When comparing this TTM figures with the last reported annuality, we can review Magellan Midstream Partners business evolution since December 2018: Annual revenues up to , compared to lastest yearly report, plunged a hair-raising -24.01%. By contrast, profit margin (net income/revenues) rose at 47.19%.

MMP annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,910 M-$582 M30.5%-
2014$2,304 M20.61%$840 M36.4%44.19%
2015$2,188 M-5.00%$819 M37.4%-2.43%
2016$2,205 M0.77%$803 M36.4%-2.00%
2017$2,508 M13.70%$870 M34.7%8.32%
2018$2,827 M12.72%$1,334 M47.2%53.41%
TTM $2,148 M-24.01%$1,123 M52.3%-15.81%

Quarterly financial results

Magellan Midstream Partners reported M in revenues for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter income marked million with a profit margin of . Profit margin remained stable a 0.00% compared to previous quarter when profit margin was 36.28%. When comparing sales to same quarter last year, Magellan Midstream Partners sales marked a scary correction and plummed a -100.00%.
MMP quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$613 M-$223 M36.3%-
2017-Q2$605 M-1.33%$210 M34.8%-5.54%
2017-Q3$573 M-5.35%$199 M34.7%-5.66%
2017-Q4$673 M17.54%$238 M35.3%19.85%
2018-Q1$679 M0.81%$211 M31.1%-11.34%
2018-Q2$644 M-5.11%$214 M33.3%1.66%
2018-Q3$638 M-0.94%$595 M93.2%177.29%
2018-Q4$866 M35.68%$314 M36.3%-47.17%

Magellan Midstream Partners ownership

When you are planning to invest in a company, it's worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Magellan Midstream Partners, 0.24% of all outstanding shares are owned by its staff.

In case of Magellan Midstream Partners stock, 66.56% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for MMP stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related stocks:

MMP
Market cap$13.0 B
Total shares228.4 M
Float shares226.9 M
  - Institutional holdings (%)66.6%
  - Insider holdings (%)0.2%
Shares in short selling0.0%

MMP summary

Wednesday, February 26th, 2020
Open$57.75
Close$56.99
Day range$56.77 - $58.49
Previous close$57.80
Session gain-1.40%
Average true range$1.10
50d mov avg$61.27
100d mov avg$60.93
200d mov avg$61.43
Daily pattern
Weekly pattern lb11a

Magellan Midstream Partners performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Magellan Midstream Partners against in the following table:
Stock3m6m12m
MMPMagellan Midstrea...-0.85%-11.60%-1.06%

Magellan Midstream Partners competitors

Unfortunately, we could not find any public company that could be defined as Magellan Midstream Partners competitor. This doesn't mean Magellan Midstream Partners does not have any competitor in the market, it's just we could not detected it.

    Latest MMP stock news